CALM Trade on Apr 28, 2015 11:53 from JensW: Tradervue User Stock Trades.

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JensW

 

Day in general:
- Red green day after commissions, before commissions mostly flat
- One major loser ... absolute reminder of why I need to trade very small
- Crazy overtrading trying to finish more or flat
- Not happy with performance ... not really concentrated and taking advantage of
what market was providing

Trade:

Set-up: -------------------------------- Intraday parabolic short
Quality of set-up: --------------------- A
Number of Entries: --------------------- 3
Capital used: ------------------------- ca. 900
Risk: ------------------------------------- very high
RSI: --------------------------------------- 95
Recent performance: ------------------ up 7-8% on the day
Number of up / down candles: --------- many
Shape of last candle b/f entry:--------- starting to separate from 9 EMA after grind
Joker: ----------------------------------- N/A
Joker worked: ----------------------- N/A
Outcome joker: ---------------------- N/A

Profit/(Loss) Without Commission:--- -19.80

Trade Comments:

  • The set-up was valid
  • Major up move
  • Start of getting really extended with 95 RSI and separation from 9 EMA

  • Execution was poor

  • First entry too big as I was too sure of myself

  • Second entry was not adhering to 1% rule

  • Also, IB had no shares available for me to add or protect myself

  • Covered for a relatively large loss

  • In hindsight, it was the right thing to do


Execution detail:

Date/time Symbol Side Price Position
2015-04-28 11:53:34 CALM sell $43.740 short
2015-04-28 11:54:36 CALM sell $43.960 short
2015-04-28 12:00:27 CALM buy $44.840 0


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